Member Info for Tricky_Dicky

If we are all seen to be on a dodgy ride of twists and turns to nowhere, on a train that morphs at certain stations on the journey, negotiating hazards, burning too much fuel, and not generating good bottom-line profits, whilst always promising 'jam tomorrow' then you may be in the negative camp.
If other 'trains' have crashed through managerial incompetence or unforeseen external hazards, then you have to weigh up the consequences of any knock-on effect, plus the virus situation has unknown outfall across many industries.
It is undoubted that enormous profits are there for the taking if a company is nimble enough to adapt to changing circumstances.
Through 'thick and thin' investors love a dividend - even a small one - as a return for investing.

I do not know of many people who would relentlessly trash a company with wild speculation erring on the negative side in order to understand things?
What a strange modus operandi.

The only thing that is silly is in believing that anyone knows for certain the future.
Tremor is in a far better position than many other ad-tech businesses.
They have cash reserves to fall back on in these difficult times, but it is not for anyone to say how the future will play out.

stt1 is like a dog that needs to be heeled.
Teaching a dog to heel is a process that requires regular training sessions. Five to ten minutes, two or three times a day is ideal to begin with.

stt1 is unemployable.
Has two mouths and only one ear.

Our resident desperado is hard of thinking, despite posting huge volumes of text of a dubious nature it is still showing its inability to grasp the nettle of reality.
Citing numerous SSP's that have gone bust and suggesting that even companies operating a full-stack are in the same boat.
I have indicated that it is more about financial prudence, since late payment issues are nothing new at all, especially in the ad-tech sector.
It is more about managing risk but our protagonist fails miserably to see the reality.

Our protagonist for sure needs a work-out, needs to get out and do a few months worth of of hard graft and get its head out of the dung-heap.
Hard work never hurt anyone!

The route chosen by Sizmek, in Filing Chapter 11 bankruptcy, allows them to create a plan to keep their business afloat, while paying all the creditors over a set period.
Amazon bought certain parts of Sizmek (May 2910) which was selling off its assets amid bankruptcy proceedings, which helps Sizmek to repay money owed.
The buck stops with the company in distress, regardless of snowballing issues down a chain as cash-flow is the vital responsibility of each and every company that takes on unsecured risks, and it is surely part of all prudent management decisions not to bite off more than they can chew, especially in the ad-tech industry with well-known late-payment issues.
Not sure why the notorious doom-monger is always repeating journalistic sensation-seeking stories and attempting to confuse the issues by tarring every ad-tech business with the same brush.

If it's DSPs or Demand Side Platforms, not SSPs, that the industry is concerned about, how come many SSP's have suddenly failed?
Reasons being that the blame cannot be passed back down a chain to the original defaulter.
I see no evidence or facts to prove what I am saying is either wrong, or proof that I do not know what I am talking about. Blame cannot be passed back down, ad-infinitum, and so we are where we are.
Any good business manager will have to cope with issues arising from late payments, if they don't then they are neglecting their duty.
Challenge me!

If it's DSPs or Demand Side Platforms, not SSPs, that the industry is concerned about, how come many SSP's have suddenly failed?
Reasons being that the blame cannot be passed back down a chain to the original defaulter.
I see no evidence or facts to prove what I am saying is either wrong, or proof that I do not know what I am talking about. Blame cannot be passed back down, ad-infinitum, and so we are where we are.
Any good business manager will have to cope with issues arising from late payments, if the don't then they are neglecting their duty.
Challenge me!

On Thursday, 18 June 2020. it is anticipated that the AGM will be convened with the minimum quorum of only one Director and one other shareholder in attendance.

Legal requirements mean that a meeting of some sort has to happen?

Tremor runs an end-to-end solution, operating across the range from DSP to SSP via an ad exchange acquired from R1. This has advantages of reducing tech costs and increasing scale, as well as freeing up resources.
Tremor's DSP came from when Taptica bought it from the original Tremor Video in 2017.
R1 had a DSP but it was transferred to Tremor's core DSP, 'in-house' if you like.
Unruly are an SSP recently acquired from News-corp.

Companies cited by the poster of the previous commentary are 'stand-alone' SSP's which have payment issues well known about for many years and with the current crisis will have to terms and conditions of lines of credit tweaked even further.

While Jrise watches blank paper, stt1 the unwary fly, glued fast to the spider's web, may wish instead to be taken for a currant baked in a bun and palmed off on the unwary, so that he could die happy!
We've seen all that can be thrown at the company present and past and yet she lives!
Of course if the sp alone is the only guide then many companies are in 'queer street' right now.

We all agree that stt1 has a questionable agenda, often trying to compare chalk with cheese.
Tremor, despite industry-wide 'head-winds', are operating comfortably, while others are borrowing heavily or filing for bankruptcy.
Even in difficult times Tremor have cash enough to mount more buybacks and able to make further takeovers when the opportunity presents itself.
No heavy borrowing and a prudent management team speaks for itself.

The long-term investors are likely to be holding regardless of seasonal variations.
If you are short term and sell on stop-loss triggers, then do you also buy on unexpected rising trends or just go away in May?
A weak May normally heralds a "more robust" June-August period. If there is any time to sell in summer, it normally would be in July-August.
Therefore a bit premature to sell in May and go away until St Leger's (horse race) day in September.

stt1, you say that the way inventory payments work is a major headwind for small players like Trmr.
That is a bit of a woolly-minded comment, which small players are like Tremor?
Did you mean small players that manage their cash flow poorly? Tremor does not.
The reason that Tremor are not failing, filing for bankruptcy protection... or borrowing heavily is because they are good at money management.

None of the latest ride-sharing companies around the world are currently profitable.
They operate in an industry that has historically exhibited low profit potential.
The taxi services they are looking to disrupt or replace simply aren't profitable without regulation. All that made local authority badged taxis profitable in the first place was by controlling the competition via issuing permits regulating their business.
How much profit is available by offering food-delivery services on top remains to be seen.

None of the ride-sharing companies around the world — Didi in China, Ola in India, Grab in Southeast Asia — are profitable.
The San Francisco-based Uber and Lyft are no different.
I hope Uber's case against Taptica, as it was then, is soon dropped, if it ever goes to a Jury trial, which is what Uber are hoping to be permitted.

Those players mainly engaged in real-time auctions (Facebook, etcetera) will be affected by advertising pull-back from brand marketers hardest hit by the crisis, (travel, hospitality, cars) however large advertisers can't easily cut their TV (CTV) ad-spend as most of this is usually agreed in the previous year, I am not exactly sure how this affects our Tremor.
Logically you would think that real-time ads should become cheaper and this may benefit some of the smaller players.
Facebook will still emerge stronger, despite the hit they are taking, as 50% more people are joining up to use its messaging facilities and will become potential targets for advertising one day.
Uber Technologies’ stock lost over half its value recently but of course they will bounce back eventually.

The big players will certainly weather the massive headwinds bearing down on the industry now.
These headwinds include cancellation of ad-spend and even more delays of payments to DSP's and we will see many smaller companies close under these conditions; some were already borrowing huge amounts because of payment delays, even before the virus outbreak.
Whilst it is true that Tremor are not in the same league as FB and Google, they have a good balance sheet and are not borrowing heavily.
Tremor will not be buying companies that suddenly need help now because of reduced ad-spend added to typical payment delays being stretched even further.
They will only buy companies that suit their objectives.
Tremor are not in the habit of behaving like a hedge fund.